Jefferies lowered the firm’s price target on Ball Corp. (BALL) to $63 from $64 and keeps a Buy rating on the shares. While demand remains muted for the group, in-line to modest beats “should be enough for relief rallies,” the analyst tells investors in a Paper & Packaging Q3 earnings preview. Walmart (WMT) comments that the company has seen some impact from GLP-1 has led to the selloff in the sector, with Ball, Crown Holdings (CCK) and Berry Global (BERY) “particularly hard hit,” the analyst noted.
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Read More on BALL:
- Ball Corp. price target lowered to $55 from $62 at BofA
- Ball Corp. price target lowered to $51 from $59 at RBC Capital
- Ball Corp. upgraded to Overweight from Equal Weight at Barclays
- Brinker upgraded, Berkshire Hathaway downgraded: Wall Street’s top analyst calls
- Ball Corp. upgraded to Buy from Hold at Jefferies